“Accordingly, it has been decided to conduct the purchase of government securities under Open Market Operations (OMOs) for an aggregate amount of Rs 375 billion in the month of February 2019 through three auctions of Rs 125 billion each during the 2nd, 3rd and 4th week,” the RBI said in a release.

There will be no auction during the first week due to the scheduled MPC meeting, it added.

The apex bank said it will inform about the auction dates in the due course.

The OMO for the month is indicative and the RBI retains the flexibility to change it, depending on the evolving liquidity and market conditions, it said further.